0 CALIFORNIA AVE

Investment Overview

Undeveloped land that is fully entitled for a 16 unit Luxury Townhome development. Preliminary plans are included with the property. Just 1/2 mile from downtown nightlife and restaurants. Walkable to drug store, cleaners, Idelwild Park, Reno High School. Approved entitlements include: Zoning change allowing up to 20 residential units. Tentative map for 16 residential units, Special use permit for grading that allows cuts greater than 20' in depth and a single family residential attached development. Owners are willing to JV if buyer desires.

Investment Highlights

• Location
• Area Comps are selling at over $350 sq ft
• Hard to come by area for Infill Project
• Brand new bike path and sidewalk connecting site to Downtown